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GL has deeper value than just 70¢ a share: analysts

They contend company's 18 hotel assets are 'highly undervalued'

Published Fri, Jan 22, 2021 · 05:50 AM
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Singapore

MALAYSIAN tycoon Quek Leng Chan is trying to take GL private on the cheap, say Lim & Tan Securities analysts. They are suggesting shareholders hold out for a better offer.

Given that shares of GL have climbed above the offer price of S$0.70 - closing at S$0.715 on Thursday - the market may be in agreement.

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